Although TeslaIts main business is electric cars, but the company's renewable energy production and storage business is also growing rapidly.
Recently, Tesla announced the pricing of his Megapack industrial-grade battery energy storage system, starting at $1 million.
Megapack is a large 3-megawatt battery system with a built-in system to manage all aspects of charge and discharge. The annual maintenance fee for a group of Megapack is $6570, an increase of 2 per cent a year.
According to Tesla CEO Elon Musk on Monday's earnings call, Megapack's production capacity has been sold out by the end of 2022.
"We have a lot of unmet demand for fixed energy storage," Musk said. I believe Megapack will basically be sold out by the end of next year. " He also mentioned the large backlog of orders from Powerwall, Tesla's residential energy storage solution.